Hand loan given to friend not giving since 5years
6 months ago
I have given Rs.5Lacs (1.5+3.5) in 2018. After lot of persuasion got 2.25lacs(2+0.25) , remaining 2.75lacs he is not returning back to me. I have bank statements recorded transactions of money sent to him. And also for recieved transactions for 2.25lacs. Is it possible to recover the money from him. As he is not answering my call
A.Dear Client,
Sorry to say, based on a standalone bank statement that reflects no purpose behind the transaction of money between you and your so-called friend, you cannot recover your lending money from the friend even through litigation before the Court. Instead, in case you opt for litigation to recover the outstanding lending money, you may face backfire from your friend and to face adverse consequences.
Sorry to say, based on a standalone bank statement that reflects no purpose behind the transaction of money between you and your so-called friend, you cannot recover your lending money from the friend even through litigation before the Court. Instead, in case you opt for litigation to recover the outstanding lending money, you may face backfire from your friend and to face adverse consequences.
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A.Dear Client,
If your attempts at communication fail, you may consider sending a legal notice through a lawyer. A legal notice is a formal communication that conveys your intention to take legal action if the debt is not repaid. This often encourages the debtor to resolve the matter without going to court. If all else fails, you may need to initiate a civil lawsuit against the person who owes you money. In India, you can file a civil suit in the appropriate court based on the jurisdiction and the amount in question. Consult with a lawyer to understand the specific court where you should file the case. Ensure that you have all the necessary documents and evidence to support your claim. This includes bank statements, receipts, and any correspondence related to the debt.
If your attempts at communication fail, you may consider sending a legal notice through a lawyer. A legal notice is a formal communication that conveys your intention to take legal action if the debt is not repaid. This often encourages the debtor to resolve the matter without going to court. If all else fails, you may need to initiate a civil lawsuit against the person who owes you money. In India, you can file a civil suit in the appropriate court based on the jurisdiction and the amount in question. Consult with a lawyer to understand the specific court where you should file the case. Ensure that you have all the necessary documents and evidence to support your claim. This includes bank statements, receipts, and any correspondence related to the debt.
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